COMMON SENSE - Trading Journals | futures io social day trading
futures io futures trading


COMMON SENSE
Updated: Views / Replies:79,172 / 1,262
Created: by mfbreakout Attachments:812

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Closed Thread
 812  
 
Thread Tools Search this Thread
 

COMMON SENSE

  #951 (permalink)
Elite Member
Valdosta, GA. U.S.A
 
Futures Experience: Advanced
Platform: Sierra ,NT, TOS
Favorite Futures: 6E, 6J, CL, GC
 
Posts: 480 since Sep 2010
Thanks: 1,825 given, 466 received

Right now, for a limited time....sales pitch


mfbreakout View Post
LOL- " But in my Opinion you do not need anyone's help mfbreakout." Thanks for your concern. I posted this to be FUNNY not to get feedback whether it's legit.

..........i was 99.9 % Sure you would not fall for that one...Now i am 100% Positive.
I just automatically started Analyzing their add for that System , as it Sure sounded like a Scam...
Your Right it is Hilarious ...at what people will do to try and Convince you to give up your money.

The following user says Thank You to sandptrader for this post:
 
  #952 (permalink)
Elite Member
Valdosta, GA. U.S.A
 
Futures Experience: Advanced
Platform: Sierra ,NT, TOS
Favorite Futures: 6E, 6J, CL, GC
 
Posts: 480 since Sep 2010
Thanks: 1,825 given, 466 received

Settings for OR


mfbreakout View Post
Hi Sandptrader,

TOS has the same thing called market watch. I posted stockmapper for traders who do not have TOS platform. Having REAL TIME data is of little value in this case. The beauty of index like TF, ES etc. is that they just sit within a tight range for some time before making a REAL move. There is no reason to rush. It takes 5-10 minutes to see if market internals are REAL GREEN, REAL RED. Initially they are just neutral. Traders jump on the trade without real confirmation and get worried as price moves back and forth with 2-4 points. I have no interest in trading till things line up properly.

I will use this data for setting up the Indicator for OR for each Instrument.

RTH. For CL OR is 8.30 to 9.15 am It's 45 minutes. For ES, NQ, TF etc it's 9.30 am to 9.50 am. Thus OR is 20 minutes. Indicators for TOS www.thinscripter.com and for Ninja, fat tails had them for free in elite section.

ACD Method Intro

I will use this data for setting up the Indicator for OR for each Instrument.
I will take note of all you have said in this post....many things in here you said to watch for.
I Appreciate all you are sharing.

The following 2 users say Thank You to sandptrader for this post:
 
  #953 (permalink)
Elite Member
BOSTON, MA
 
Futures Experience: Advanced
Platform: Tradestation, TOS
Favorite Futures: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,240 received

Trading



sandptrader View Post
I will use this data for setting up the Indicator for OR for each Instrument.
I will take note of all you have said in this post....many things in here you said to watch for.
I Appreciate all you are sharing.


Just make sure you trade with your core trading method and ONLY incorporte something else either from here or anywhere else if it enhances your current method. Never ever say to yourself that you will learn new trading method to expand trading set ups. Every successful trader i know off has 2-4 key set ups and they just trade them whenever they line up.

I have tried reading other traders methods and regardless how hard i try to understand they never make any sense to me. I have picked up things here and there from other traders and if something aligns with my current method, i incorporate into my method, otherwise " NEXT". In summary anything will work if a trader just get down with 2-4 set ups and ONLY trade them every time. If i could get following set up couple of times a week - i can break the bank just on this ONE set up.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Attached Thumbnails
COMMON SENSE-2014-11-01_1719_set_up_-1.png  

Last edited by mfbreakout; November 1st, 2014 at 06:26 PM.
The following 3 users say Thank You to mfbreakout for this post:
 
  #954 (permalink)
Elite Member
BOSTON, MA
 
Futures Experience: Advanced
Platform: Tradestation, TOS
Favorite Futures: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,240 received

Trading

My prayer for Monday morning trading session for Crude ?I will be jumping up and down with excitement if Crude moves from closing price of 80.70 on friday to 82.70 area price during Globex session. I will short it. It's easier to short bounces within a bearish trend. If CL price just lingers around $80 area by the time NY session opens- it will be disappointing. Why? becuase i will have to wait GOD knows how long for CL to go up higher to get smacked down.

It's not advisable to short a DULL market.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
The following 5 users say Thank You to mfbreakout for this post:
 
  #955 (permalink)
Trading Apprentice
Portugal
 
Futures Experience: Intermediate
Platform: MetaTrader, TradeStation
Favorite Futures: Forex (everything that moves with force)
 
Posts: 11 since Feb 2014
Thanks: 8 given, 14 received

Hear the roar of the candles

"The more indicators you have, the more confused you will be.
Hear the roar of the candles, and see how it can all be very different."
Happy weekend to all.

The following 2 users say Thank You to mapq for this post:
 
  #956 (permalink)
Elite Member
BOSTON, MA
 
Futures Experience: Advanced
Platform: Tradestation, TOS
Favorite Futures: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,240 received

Trading


mapq View Post
"The more indicators you have, the more confused you will be.
Hear the roar of the candles, and see how it can all be very different."
Happy weekend to all.

Look forward to your posts either via your own journal or as always you are welcome to post here " Roar of the candles".

Good trading.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
 
  #957 (permalink)
Elite Member
Hamilton, Ontario
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: CL, TF
 
Samm's Avatar
 
Posts: 75 since Nov 2009
Thanks: 585 given, 138 received

basics of ACD method


mfbreakout View Post
for Ninja, fat tails had them for free in elite section.

ACD Method Intro

Hi @mfbreakout

Congratulations on successfully trading ACD method. In fact creating your own unique trading style from it. I have some questions and need your help, if you don't mind.

(1) I tried to find that indicator by @Fat Tails in elite section but was not able to find it. Could you please tell me what is the name of indicator?

(2) I tried to learn ACD method basics from the link you provided but could not understand a single word from it. It might be because there is no easy explanation with examples of charts. Would it be possible for you to explain system with the help of charts please? Like A up, A down, C up, C down, Failed A etc and whole system at large.

I am afraid that I am asking too much? If this the case than pardon me and please provide may be just one or two chart examples and I will get my basics from there.

I appreciate for all your efforts. Thank you very much.

Trade what you see, not what you think!
The following user says Thank You to Samm for this post:
 
  #958 (permalink)
Elite Member
BOSTON, MA
 
Futures Experience: Advanced
Platform: Tradestation, TOS
Favorite Futures: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,240 received

Trading


Samm View Post
Hi @mfbreakout

Congratulations on successfully trading ACD method. In fact creating your own unique trading style from it. I have some questions and need your help, if you don't mind.

(1) I tried to find that indicator by @Fat Tails in elite section but was not able to find it. Could you please tell me what is the name of indicator?

(2) I tried to learn ACD method basics from the link you provided but could not understand a single word from it. It might be because there is no easy explanation with examples of charts. Would it be possible for you to explain system with the help of charts please? Like A up, A down, C up, C down, Failed A etc and whole system at large.

I am afraid that I am asking too much? If this the case than pardon me and please provide may be just one or two chart examples and I will get my basics from there.

I appreciate for all your efforts. Thank you very much.


1) https://futures.io/traders-hideout/6742-acd-trading-mark-fisher.html

Above link has a post from Silver99 in which he has posted ACD indicators Fat Tails developed for him. Fat Tails also has other indicators which i believe is called Noise Bands. As far as explaining ACD method- the link is the easiest one. Read it again but more importantly Mark Fisher book. Attached pdf file from my previous journal should help some. The pdf includes some posts from 2 other excellent traders who used to post at my previous journal. PM fellow trader Zakk for further questions since he is the only trader i am aware of who is using ACD trading method.

NOTE: My trading style has changed quite since that pdf file was created. Main change is wide stop loss but core of trading is still the same.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Attached Thumbnails
COMMON SENSE-summary-mfbreakout-thread-update-revised.pdf  

Last edited by mfbreakout; November 2nd, 2014 at 03:11 PM.
The following 4 users say Thank You to mfbreakout for this post:
 
  #959 (permalink)
Elite Member
BOSTON, MA
 
Futures Experience: Advanced
Platform: Tradestation, TOS
Favorite Futures: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,240 received

Trading

I do not day trade stocks and have no desire to do so ( I do swing trade stocks). Someone told me about Lex Van Dam. Following is from his educational site. Anyone with GS pedigree offering education should have some value vs all BS we have all over trading universe in the name of education.

"Meet Lex van Dam.

Born in the Netherlands, Lex van Dam is one of the UK’s most respected hedge fund managers, as well as a leading financial educator. He began his professional career in 1992, trading stocks for Goldman Sachs where he worked for ten years, latterly as head of the equities proprietary trading desk. After that he ran money at GLG, which at the time, was Europe’s largest hedge fund. From 2007 onwards he has been a hedge fund manager at Hampstead Capital LLP.

‘Trading is what I do for living. Financial education is my way of giving back to society.’

Lex van Dam Financial Education - Default index



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.

Last edited by mfbreakout; November 2nd, 2014 at 03:26 PM.
The following user says Thank You to mfbreakout for this post:
 
  #960 (permalink)
Elite Member
Hamilton, Ontario
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: CL, TF
 
Samm's Avatar
 
Posts: 75 since Nov 2009
Thanks: 585 given, 138 received



mfbreakout View Post
1) https://futures.io/traders-hideout/6742-acd-trading-mark-fisher.html

Above link has a post from Silver99 in which he has posted ACD indicators Fat Tails developed for him. Fat Tails also has other indicators which i believe is called Noise Bands. As far as explaining ACD method- the link is the easiest one. Read it again but more importantly Mark Fisher book. Attached pdf file from my previous journal should help some. The pdf includes some posts from 2 other excellent traders who used to post at my previous journal. PM fellow trader Zakk for further questions since he is the only trader i am aware of who is using ACD trading method.

NOTE: My trading style has changed quite since that pdf file was created. Main change is wide stop loss but core of trading is still the same.

Thanks a lot and much much appreciated. This is the information I was looking for.

Trade what you see, not what you think!

Closed Thread



futures io > > > COMMON SENSE

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
a trade on ICPT that totally makes no sense to me..... mdsvtr Options on Futures 3 May 6th, 2014 07:46 PM
Common sense trading decisions Eric j Psychology and Money Management 75 December 6th, 2012 10:12 PM
A Common-Sense View of the Stock Market kbit News and Current Events 0 August 9th, 2012 03:54 PM
Well, At Least One Thing Made Sense Today... Quick Summary News and Current Events 0 November 3rd, 2011 07:50 PM
Death of Common sense kbit Jokes 2 September 11th, 2011 01:25 PM


All times are GMT -4. The time now is 09:04 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-14 in 0.16 seconds with 20 queries on phoenix via your IP 54.221.73.186